• Title/Summary/Keyword: Small and Medium-sized Businesses

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An Ocean of Opportunity: The Digitalization of Small and Medium-sized Enterprises in Bitung, Indonesia

  • LAYMAN, Chrisanty V.;HANDOKO, Liza;SIHOMBING, Sabrina O.
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.1
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    • pp.41-48
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    • 2023
  • Over the past ten years, numerous industries have undergone upheavals that have significantly altered how businesses interact with their clients and how goods are created and produced bySMEs. Many cutting-edge technologies have recently been created and implemented to enhance business models, facilitate sustainability features for organizations, and boost business capabilities. This essay seeks to understand how digital entrepreneurship functions in developing nations. The results of this study show the effectiveness of digital transformation in the context of SMEs is greatly influenced by aspects including the change of managerial intensity and the involvement and perception of workers, customers, and shareholders. One of the needs that business owners showcased in this study in terms of digitization is infrastructure resources to support digitization such as devices, the Internet, and funds, but also the ability to use digital media for business development. Practical skills that business people want to learn such as product design and management of their social media accounts. There are also aspects of time and self-motivation of the business actor that can speed up or slow down the digitization process. Finally, government support that is structured in encouraging MSMEs is also one of the supporters and drivers of digitalization in the blue economy.

The Effect of Open Innovation and Organizational Learning on Technological Competitive Advantage in Venture Business (개방형 혁신과 조직학습 특성이 벤처기업의 기술경쟁우위에 미치는 영향)

  • Seo, Ribin;Yoon, Heon Deok
    • Knowledge Management Research
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    • v.13 no.2
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    • pp.73-93
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    • 2012
  • Although a wide range of theoretical researches have emphasized on the importance of knowledge management in cooperative R&D network, the empirical researches to synthetically examine the role of organizational learning and open innovation which influence on the performance of technological innovation are not enough to meet academic and practical demands. This study is to investigate the effect of open innovation and organizational learning in venture business on technological competitive advantage and establish the mediating role of organizational learning. For the purpose, the questionnaires, made based on the reviewing previous researches, were collected from 274 Korean venture businesses whose managerial focus is on developing technological innovation. As a result of analysis, the relational dimensions of open innovation - network, intensity and trust shared by a firm with external R&D partners - as well as the internal organizational learning system and competence have positive influence on building technological competitive advantage whose sub-variables are technological excellence, market growth potential and business feasibility. In addition, it is identified that organizational learning has the mediating and moderating effect in the relationship between open innovation and technological competitive advantage. These results imply that open innovation complements and expend the range of limited resources and the scope of innovation in technology-intensive small and medium-sized enterprises. Besides, organizational learning activity reinforces the use of knowledge and resources, obtained from external R&D partners. On the basis of these results, detailed issues and discussion were made in the conclusion.

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A Study on the Improvement of R&D commercialization policy system for Railroad Transportation (철도교통 분야 정책·제도적 R&D 실용화 촉진 방안 연구)

  • Kim, Dong-Hee;Rhu, Jae-Kyun;Yang, Keun-Yul
    • Journal of the Korea Safety Management & Science
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    • v.17 no.3
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    • pp.289-296
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    • 2015
  • Recently, the Korean government has been making efforts to achieve 'creative economy' based on science and technology. As part of these efforts, it has been promoted specific policies for innovation and performance enhancement of national R&D projects. They contains commercialization of research outcomes, technology transfer, technology based startup and support small and medium-sized businesses. The railroad transportation industry is a representative in the field of SOC and has own characteristics different from other industry areas. Especially, industry and market of railroad transportation are directly related to planning and implementation of government SOC policies. So in order to promoting commercialization of railroad transportation projects, it is very important to ensure consistency between government policies and R&D projects. In this paper, we investigate barriers of successful commercialization with typical researchers in the area of railroad transportation, and suggest problems and improvements of policy-based commercialization by giving specific examples.

A Study on the Effect of Customized Education for Small and Medium-sized Businesses Handling Hazardous Chemicals (유해화학물질 취급 중소사업장을 대상으로 한 맞춤형 교육 효과에 관한 연구)

  • Lee, Hyo-Eun;Kim, Min-Gyu;Lee, Bong-Woo
    • Journal of the Korean Society of Industry Convergence
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    • v.25 no.6_2
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    • pp.979-986
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    • 2022
  • Chemical accidents are increasing day by day as the industry develops. To prevent such chemical accidents, Korea enacted the Chemicals Control Act. Through these laws, systematic management of chemical substances began. There are various positions in the companies. hazardous chemical supervisors, equipment and technical human, operators and employees. Chemicals-related education for each position should be provided. As a result of the survey, hazardous chemical supervisors and equipment and technical human liked the overall content of the Chemicals Control Act and the education subject on safety management standards for facilities. Conversely, the operators liked the course on how to wear personal protective equipment. The employees preferred subjects such as classification of chemical substances and prevention of chemical accidents. Currently, various modular textbooks are widely available. Rather than general education, it is necessary to select and provide customized subjects that are preferred and interested according to the position. Then it will be more effective in understanding harzardous chemical substances and in preventing chemical accidents.

A Study on Necessity of Safety Education for Improving the Worker's Safety Awareness (근로자 안전의식 향상을 위한 안전교육의 필요성에 관한 연구)

  • Lee, Jang-Gook;Ryu, Si-Wook;Seo, Sung-Koo
    • Journal of the Korean Society of Safety
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    • v.26 no.6
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    • pp.90-96
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    • 2011
  • It requires to make the safety education not a merely formal education but as a practical one for the factor of safety on the industrial environment. We surveyed the workers who are working for a power plant-related small and medium sized businesses around Incheon about the necessity of safety education to improve the safety awareness for themselves. The answered workers for the survey are numbered 198, and we can analyzed those questionnaires by using SEM(Structural Equation Modeling). We ran the analysis by the tool of statistics, AMOS19.0. We examined the basic hypothesis that self-efficacy, safety education, and perceived safety influenced on the will for the safety on the job through the attitude of safety on the work as a parametric cause. We can derive a result that self-efficacy and education about safety makes an effect not only on the will for the safety directly, but also through the attitude and perceived safety. Perceived safety does not influenced on the attitude of safety on the work. Education, attitude, and perceived safety show positive influential factors, but self-efficacy represents negative effect directly on the will for the safety. Safety eduction makes more positive effect on the attitude and perception of the safety, and it shows the necessity for the reinforcement.

Best Practices and Implications of Global Energy Saving Policies (세계 에너지절약정책 모범사례와 시사점)

  • Lim, Ki Choo
    • Journal of Energy Engineering
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    • v.26 no.1
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    • pp.45-53
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    • 2017
  • The best practices of energy efficiency were selected by reviewing cases collected from the results of IEA research and prior studies, and then by evaluating the correspondence of each case for four attributes including economic performance, synergy, political adjustment, and marketability. The selected best practices included 36 cases in 6 fields such as governance, finance, utility, home, transportation, and industry/small and medium-sized businesses. The reduction of energy costs has brought countries implementing best practices of energy efficiency a variety of benefits, including higher rate of return, the reduction of incidental expenses, the increase of productivity, and the improvement of accessibility to energy. To have similar effects, other countries need to adjust these best practices before applying to their situations.

A Study on the Effects of the R&D Activities and Patent on the Corporate Performance of Medical Device Firms in Korea (국내 의료기기 제조기업의 연구개발활동과 특허가 기업 경영성과에 미치는 영향에 관한 연구)

  • Kim, Dosung;Lee, Jungsoo;Cho, Sung Han;Kim, Min Seok;Kim, Nam-Hyun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.11
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    • pp.157-165
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    • 2018
  • Companies conduct R&D for continuous development and enhancement of corporate value, and obtain patents as an intangible asset resulting from this process. This study screened 103 medical device firms whose R&D information, patent information, and management performance information were all published to determine how R&D activities and patents affect corporate operational performance. The number of patents, R&D costs, company type and Inno-Biz of the company were set as independent variables, and the companies' sales, intangible assets, operating profit ratios, net profit margins, corporate ratings and profit-related financial ratios were used as dependent variables. The results confirmed that R&D expenditure had negative (-) effects on most indicators, including sales volume, operating profit ratio, and net profit ratio, while it had positive (+) [ED highlight - these are unnecessary if negative and positive are also written out.] effects only on intangible assets. Additionally, domestic patents were found to have negative (-) effects on sales, cash flow ratings, and dropped capital return, and positive (+) effects on net profit growth. Moreover, the business performance variables affected by the company characteristics were sales volume and cash flow ratings. The medical device industry is dominated by small and medium-sized businesses Although research and development activities and patents have been shown to have a negative impact on corporate management in the short term, they are expected to have a positive long-term impact when reflecting the characteristics of the medical device industry that must undergo clinical trials and authorization procedures after R&D.

Evaluation of Mobile Application in User's Perspective: Case of P2P Lending Apps in FinTech Industry

  • Lee, Sangmin
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.11 no.2
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    • pp.1105-1117
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    • 2017
  • Financial technology, also known as FinTech, is one of the fast growing global businesses in since its inception in 2008. Fintech is a new economic industry, comprised of companies that adopted the latest technologies to provide more efficient financial services than the traditional financial services. Fintech companies are generally small to medium sized startups trying to disintermediate existing financial systems. FinTech companies can be differentiated in several areas, based on its business solutions and target customers. In Korea, the Peer-to-Peer (P2P) lending companies are the most prominent in the FinTech sector. P2P lending is a method of borrowing or lending money to individuals through online services without the use of an official financial institution as an intermediary. The P2P lending companies operate their services entirely online or mobile environment. Consequently, mobile P2P lending application users are dramatically increasing. Thus, it is worth evaluating the acceptance of the mobile apps of the P2P lending companies from a user's perspective. This paper discusses user acceptance of the mobile P2P lending apps, guided by the Technology Acceptance Model. We conclude that the users' acceptance of mobile P2P lending apps are significantly influenced by perceived ease of use, perceived usefulness, and user satisfaction. These in turn influenced their attitude towards using mobile P2P lending apps and intention to use.

A Study on the Improvement of Emergency Block and Diffusion Prevention System for Hazardous Chemicals Leakage (화학물질 누출에 따른 긴급 확산 방재시스템 개선 방안 연구)

  • Lee, Deok-Jae;Yun, Jeong Hyeon;Yoo, Byung-Tae
    • Journal of the Korean Institute of Gas
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    • v.22 no.5
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    • pp.89-99
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    • 2018
  • In the case of medium and small-sized businesses handling hazardous chemicals, emergency disaster prevention by workers, rather than a disaster prevention system using a safety device equipped with an automation system in case of a leak accident, is highly likely to occur. In order to solve these limitations, in this study investigated an emergency disaster prevention system that can be easily removed and adhered to the expected point of leakage according to the occurrence frequency of the leak during the chemical handling process.

The impact of CSR activities in Domestic SMEs on their financial performances: analysis of the difference between B2B and B2C (국내 중소기업CSR 활동이 재무적성과에 미치는 영향: B2B, B2C 중소기업의 차이분석을 중심)

  • Na, Do-Sung;Leem, Wook-Bin;Kang, Yong-Soo
    • Journal of Digital Convergence
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    • v.9 no.6
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    • pp.325-341
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    • 2011
  • Environmental regulations in the world has been strengthened. International Organization for Standardization (ISO) that international standard for social responsibility in the ISO26000 was published on November 01, 2010. CSR is rapidly changing in global environment. In the meantime, domestic companies such as donations to the required activities ought to be stayed. Strengthening the competitiveness of enterprises in the management tools that should be taken as the movement is taking place. The domestic small and medium-sized corporate social responsibility (SMEs CSR) activities have also taken many changes. In particular, multinational corporations and large companies within the supply chain, B2B companies in partnership appears to have a significant impact on business. In this study, in changing environment for domestic SMEs CEO survey results are based. CSR activities of SMEs and its impact on the financial competence, B2B businesses and B2C business activities of corporate social responsibility has been to analyzed the differences factor. This allows the small and medium-sized companies effectively promote socially responsible business activities, to spread the government, corporate, NGO, and local stakeholder's CSR was to provide a new perspective.